Article Summary

**Securitize and BNY Mellon Launch Revolutionary Tokenized Fund Backed by Structured Credit** Major financial institutions Securitize and BNY Mellon are pioneering the tokenization of traditional finance by launching an innovative blockchain-based fund backed by AAA-rated collateralized loan obligations (CLOs). This groundbreaking initiative brings structured credit products onto the blockchain, marking a significant milestone in the convergence of traditional finance and decentralized finance (DeFi). The tokenized fund represents institutional adoption of cryptocurrency technology, with Grove planning a substantial $100 million anchor investment. This massive commitment underscores growing institutional demand for tokenized assets and blockchain-based financial products. The partnership leverages Securitize's expertise in digital securities and BNY Mellon's traditional banking infrastructure to create compliant, regulated tokenized investments. By bringing AAA-rated CLOs onchain, the collaboration opens new opportunities for institutional investors seeking exposure to cryptocurrency markets while maintaining traditional asset backing. This development signals accelerating institutional adoption of blockchain technology in traditional finance, potentially driving increased cryptocurrency market liquidity and broader Bitcoin and digital asset acceptance among institutional investors seeking innovative investment vehicles.